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Search Results 0 to 49 of about 110 (some duplicates have been removed)
FOX
Dec 4, 2012 6:00am PST
president barack obama. republicans want 1.2 pill caron dollars in spending -- trillion dollars in spending cuts and that's almost twice as much as what the president has proposed. they are not raising tax rates on the wealthy which the president has demanded. they are also proposing 200 billion in savings for changes by potentially lowering the costs in increasing eligibility standards. that could be a major sticking point for congressional democrats but the president needs more details but he does not like what republicans are offering. look at how house democratic national convention democrats may try to force tax rates from wealthier americans, reporting live allison burns, ktvu channel 2 morning news. >>> they are trying to make homes livable, under the program the city of new york will send contractors at no charge to homeowners. 400 project have been completed -- projects have been completed but some homeowners say the help is not coming fast enough. >>> ktvu channel 2 morning news allie rasmus is talking about the erosion and also how many drivers will be affected by this,
FOX News
Dec 4, 2012 3:00pm PST
rates, president obama let the nation fall off the fiscal cliff. >> republicans need to acknowledge reality here. rates have to go up. earlier in the presidency, obama warneded it could hurt the economy. >> the nation is no longer in recession. and american manufacturing contracted in november for the first time in three months. the president is concerned enough that he proposed tens of billions in new stimulus spending in the debt talks. >> what is the justification for raising taxes? >> the fact of the matter is that it's vitally important that we extent and the president's view make permanent tax cuts for 98% of the american people. >> the president would like to see it done tomorrow and would sign it right away. >> they will put for ending deduction and closing loopholes. >> republicans move a great deal. who was the first person after the election was the speaker who went down and provided the re-knew. >> they blasted the proposal to limit deductions to tell bloomberg television it's unrealistic. >> that means every hospital and university and non-for profit, the agency. across
FOX
Dec 4, 2012 4:00am PST
, house republicans' counter-offer in fiscal cliff negotiations with president obama takes away a white house argument that the republicans have no plan and puts medicare on the table for discussion. the republican counter-offer would raise $800 billion through tax reform and cut $600 billion from federal health programs, including raising medicare eligibility, another $600 billion cut from mandatory and discretionary spending, and factor inflation less in calculating social security benefits. "what we're putting forth is a credible plan that deserves serious consideration by the white house." in a three-page letter to the president calling democratic gains in the senate and mr. obama's victory a "status quo election," the republican proposal would raise half the amount as the president's plan and save $350 billion from medicare and medicaid. however, at the chicago fed, a gathering of 39 individuals from banking and manufacturing industries - including automakers and other sectors - say the economy is strong enough - barely - to withstand either party's direction. "the vast majority th
FOX News
Dec 4, 2012 2:00am PST
. >>> the ball is back in president obama keerts. house republicans unveiling a bold proposal to avoid a so-called fiscal cliff. the white house didn't waste any time attacking it. kelly wright is live in washington with more on this. good morning, kelly. >> good morning to you. the back and forth is continuing in a letter with president obama. american people expect leaders to find fair middle ground with the nation's most pressing challenges. with that they propose is a counter over for the fiscal cliff. the republican plan has will00 billion for tax freerm 900 billion in mandatory spending cuts and 300 billion in discretionary cuts. the proposal falls short of what the president wants and cannot be taken seriously. >>> we understand they don't agree with everything the president has put on the table but we haven't seen alternatives for that. they have spoken about an avenue and that challenge is welcome. republican leaders have been adamant they don't believe rates ought to go up on the top 2 percent of wealthiest americans. the american people overwhelmingly disagree. the rat
MSNBC
Dec 4, 2012 3:00pm PST
. this is progress. this is change. if president obama can break republicans on tax increases, this could redefine american politics. it would help to change our politics in very important ways. and who knows what else may be possible. joining me now is krystal ball and richard wolffe. thank you for being here tonight. >> thanks, reverend. >> thanks, reverend. krystal, how big a moment will it be if the president gets the republicans to cave on tax increases? >> i mean, it really is sort of hard to understate how significant that would be. it would es seshlgsentially mar end of when george w.h. bush led taxes. we had the contract for america. that in some ways was the precursor of the tea party and this very extreme rhetoric, us versus them rhetoric, where rather than talking about nuance differences between positions you call the president's health care bill socialism and yell about death panels and caricature things. that could be the most important shift. if they finally have to break and increase tax rates, they also have to change the way they talk about their policies. you can
MSNBC
Dec 3, 2012 4:00pm PST
what the 2012 presidential debate was about? obama championed tax fairness and won. republicans championed protecting that 2%, ignoring the 47% he talked about, and they lost. today boehner said he's willing to raise revenues by the same amount he agreed to back in august of 2011, the last time they had this fight. again, he's willing to act like the election never happened. no wonder. again, he lost. joining me is joy reid of the grio and howard fineman of the "huffington post." joy, you're chuckling because it is weirdly true. it's almost like groundhog day, this guy, boehner, he's not a bad guy, but he's operating on a bad thought here. the election didn't happen. >> it's incredible. it's amazing watching john boehner reach for anything, simpson/bowles which, by the way, assumed that the tax cuts for the top 2% would be gone, but he forgets about that, and boehner is trying to offer the same exact policies that mitt romney ran and lost on, that the republicans tried to negotiate with the white house. it is incredible. and the only way i can explain this, the only way i can po
MSNBC
Dec 4, 2012 1:00am PST
. you could see more republicans get there. and that's why i'm really glad president obama is not negotiating both for himself and for the republicans, which was sometimes his habit the last time. he's basically saying you want a bunch of cuts i don't have. don't make me propose them. that's creating some pressure on them. i think both those things will have an effect. we'll get the taxes back if we do nothing. >> the conversation in washington being separate from what it feels like the real needs of the country, a familiar feeling for me. i often have this frustration that the beltway discussion is not what the important questions are that are facing the country. in this case, i feel like as long as we're willing to talk about the economic needs of the country, as long as we're willing to talk about fiscal policy, how can it be we're not talking about new stimulus. the republicans ran against that as if the stimulus was this awful thing. but the republicans lost and we have an economic growth problem now. i wonder if you see signs of hope in what the president is asking for there
MSNBC
Dec 4, 2012 2:00pm PST
say that a.c.o.r.n. stole the election. that's why obama won. half the republicans say democrats are engaged in voter fraud. ron, i'm far more fascinated by the fact that all these republicans believe that a.c.o.r.n. -- how can you put your signature to that? how can somebody say to that openly on the telephone, well, i think a.c.o.r.n. did it? >> because they hear it on fox news. that's why. fox news beats the drum about this kind of stuff and that's all these people listen to. they live in this bubble. >> i think they misheard it and they thought a unicorn stole the election. >> i mean a.c.o.r.n. they don't have a nickel to rub against another nickel and they're running the country. thai dana and ron. i think we caught the spirit of this nonsense. up next, one of the most popular guests we've ever had on "hardball" barney frank joins us as we prepared to leaves the country. barney has been around a long time. i thought efforts the new guy. this is "hardball," the place for politics. ♪ ♪ [ male announcer ] shift the balance of power decisively in your favor. the exclusive eight-
FOX Business
Dec 4, 2012 12:00am EST
. republicans laid their cards on the table unveiling their fiscal cliff counteroffer to president obama. does it actually have a chance though? will the president and congressional democrats just blow it right out of the sky? we'll break it all down. >>> plus the mississippi river in crisis. water levels dropped to historic lows threatening to bring commercial traffic to a halt and spike food prices. have you even heard about this? the head of one mississippi barge operator joins us whether a disaster can still be avoided. >>> would you sublet your name for an entire year? a bidding war breaks t for e right to one man's name. he is here to explain his bold idea and how he is cashing in. even when they say it's not it is always about money melissa: first let egg look at the day's market headlines. concern over the fiscal cliff bleeding into the u.s. manufacturing sector. factory activity in november declined for the first time in three months. the news weighted down stocks helping shed 59 points off the dow the raw materials sector hit hard by the contraction in manufacturing. shares of dupont
MSNBC
Dec 3, 2012 7:00pm PST
earners. the republican plan would raise tax revenue by not extending the current obama cut in payroll taxes. but the republican plan still refuses to raise the top income tax rates. yesterday, treasury secretary tim geithner made it clear that there can be no deal without higher top tax rates. >> last question, can you promise that we will not go over the cliff? >> no, i can't promise that. that's a decision that lies in the hands of the republicans that are now opposing increases in tax rates. if they recognize the reality that we can't afford to extend those tax rates, then we have a basis for the agreement and that's going to be the responsible thing to do and my judgment is they are going to do it. >> joining me now, ezra klein, huffington post, ryan grim. ezra, what do you make of the boehner proposal that was kind of cribbed from erskine bowles? >> two things. one, republicans are terrified about by the polls showing that they are going to immediately get blamed if they are not willing to compromise. the reason you initiate the bowles' plan is you say, look, they are going along
Current
Dec 4, 2012 6:00am PST
other house republicans, they insisted the election return obama to the white house and the gop return to the house requires both parties to come together in a fairground. but we know that didn't happen. i think everybody is aware, right, that it is the gerrymandering that has returned -- what they are calling middle ground is not middle ground, right? >> it isn't middle ground and there wasn't a dead locked election. they forget a couple of things number 1 that there was an election, and the people spoke and number two if you look at every survey -- i guess the second point is in this campaign there was a clear, clear outline by the president of where he stood, no secret. there had to be a continuation of the middle class tax cut, and an end of the tax cut for the very wealthy in -- in 2010 they got over 90%, the upper 1% -- 90% over that of the income growth, and the third point, the surveys show after the election all of them -- that if you ask people should there be continuation of the middle class tax cuts? yes. should there be a continuation of the tax cuts for the very we
MSNBC
Dec 4, 2012 1:00pm PST
getting nowhere, the republicans are already starting off from a position that is closer to obama's than they were at this time last year. they are now backing away from the entitlement cuts they were talking about. they haven't given any specifics on what kind of deductions and loopholes they want to get rid of, but they're leaving that for the committees on capitol hill if they can get away with it. but we see president obama getting tougher right now on what he's calling for while the republicans, if you look at the numbers, they're really not asking for as much. i think we're seeing speaker boehner getting his ducks in a row to cut a deal that is going to try to get settled before the fiscal cliff goes over. >> bill, "the washington post" today has a poll which says 53% of americans are likely to blame republicans and just 27% the president if they don't agree on a fiscal cliff. we know that after the election, 60% of people said let's raise taxes on the wealthiest. what more does john boehner need? >> i don't understand the republicans' thinking on this. i really don't. this is
Current
Dec 3, 2012 5:00pm PST
, particularly since the republicans outraised obama 5-1 on wall street which is a real reverse since 2008. the markets are so upset with the minimal oversight that the administration has put on them that they've swung to the g.o.p. camp this time, and they're not going to buckle on that. >> eliot: brian, let me come back to a political-type question. defense cuts, another area where the democrats are saying we have the opportunity sequestration imposes more significant cuts in the military. many think that's a good thing to do. barney frank every chance you give him he'll talk loudly why it's the correct thing to do. is there a chance that the republicans will give him that one? >> it depends on what happens between now and the first of the year. if you go over the cliff and all the tax cuts expire and sequestration takes affect, that gives the president the ability to reorganize the defense budget in a way that tracks what he wants to do with the military spending, which is to slow the growth or even to freeze the growth in real terms. if they cut a deal beforehand and then push off
MSNBC
Dec 4, 2012 2:00am PST
republicans weigh in on the fiscal cliff today. what will they tell president obama about the spending cuts and tax increases now just 28 days away? >> we must reign in our out of control spending. >> reporter: republicans have an offer, $800 billion in new taxes, half what the president wanted. $600 billion saved in part by making americans wait until they're 67 to get medicare. plus more cuts totalling $2.2 trillion. but no tax hikes for the wealthy. >> that's just not going to happen. >> reporter: the pentagon could take the biggest hit from president obama told defense experts monday, don't worry. >> even as we make very tough fiscal choices, we're going to keep investing in these programs. >> reporter: he went online on youtube and twitter explaining why he thinks the rich should pay more. going over the fiscal cliff could cost america jobs. >> we're only expanding 2% right now. it needs to be considerably higher to bring more people off unemployment. >> reporter: for the jobless, president obama is asking congress for millions more. and more on the president's plan which will pitch to
Current
Dec 4, 2012 3:00am PST
yesterday. so republicans have been accusing president obama of not having any specifics and then jay carney and those pointed out hey, wait a minute, we've had this plan for over a year. come on. we got all of the specifics. here's where we would cut. here's what loopholes we would close. so republicans had to come up with something. and yesterday, it came up with a plan, last week, michael, they were all saying we can't wait to throw grover norquist under the bus. yesterday, looks to me like grover norquist is still in charge. >> sure. >> bill: one thing that in their plan, they don't identify loopholes they would close. they don't identify spending cuts for the most part they would make and they say no, we're going to keep the tax breaks for the top 2%. what's changed? what's different? >> nothing's changed. their fundamental problem is this, as you know. the thing that's most important to them, emotionally and in policy terms i guess but just in their gut, the thing that's most important to them is to cut taxes for wealthy people. cut taxes at the high end. that's the thing that's
MSNBC
Dec 4, 2012 10:00am PST
amongst house republicans andrea, that president obama is playing smart politics on this. he's taking this cliff all the way to the edge, the possibility that he's okay with the country going over it, with the idea that he can fracture republicans on the tax issue. remember, republicans have been ability lowering taxes ever since h.w. bush said the read my lips pledge. what they've run on. if he can fracture them and hurt them politically going into 2014 they believe that's what he's doing and why he's trying to draw this out. it's an interesting element besides all we talked about in terms of the monetary values here, the politics of it, absolutely fascinating. >> luke russert, thank you, kelly and chris. joining me is north dakota senator kent conrad chairman of the senate budget committee, someone who has been here, done that, how many years have you gone through these negotiations? >> 26. >> talk about where we stand right now. because the senate -- the house republicans, the speaker, did put out their proposal last night and talking again about not raising rates, but handling the reve
CNN
Dec 4, 2012 1:00pm PST
president obama is describing republican plans for avoiding the fiscal cliff. can these two work together? we'll ask congresswoman debb ebr debber -- debbie wasserman schultz. anne's tablet called my phone. anne's tablet was chatting with a tablet in sydney... a desktop in zurich... and a telepresence room in brazil. the secure cloud helped us get some numbers from my assistant's pc in new york. and before i reached the top, the board meeting became a congrats we sold the company party. wait til my wife's phone hears about this. [ cellphone vibrating ] [ female announcer ] with cisco at the center, working together has never worked so well. share "not even close." share "you owe me..." share "just right." the share everything plan. shareable data across 10 devices with unlimited talk and text. get a droid incredible 4g lte by htc for $49.99. he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to othe
FOX
Dec 4, 2012 5:00am PST
this with me. >> the white house is rejecting the latest republican cliff proposal. they have a counteroffer to the one president barack obama proposed. coming up, what the white house says is missing in the republican proposal. >>> also this morning, they will meet with the bipartisan group and reportedly they met with congress to work on a solution to the fiscal cliff. in the afternoon they will meet with house speaker john boehner and governor jerry brown is not in that group. >>> tara is back, you know all about our commute, what is happening in pacifica. >>> well, to the northport tall bridge, they are able to stabilize that weak spot. right now we will take a live look headlights are flowing nicely as you make your way towards the mcarthur maze. up next, we have 880 up near the oakland coliseum, same story staff is flowing very nicely. it is dark up there but take my word for it, traffic is flowing nicely, 5:07 let's check with steve. >>> ukiah announced they can't hold a candle to what was there. heavier amounts will not be to the north. any rain on already saturated soil
Current
Dec 3, 2012 4:00pm PST
with himself. he has laid out his position, and the republicans have to come to the table. my reaction to that was-- >> flabbergasted. >> cenk: what? the white house not negotiating with itself? that's fantastic. do you remember what president obama said in 2010 because he had these negotiations with the republicans over the stimulus package. he said, this is the lesson he learned. now in retrospect i could have told barack obama in 2009 if you had a third of the package as tax cuts then republicans who are traditionally more comfortable with tax cuts may just pocket that and attack to other components of the program. that is exactly right. it appears that the president's team has finally learned that lesson, which is very reassuring. i'm going to bring in michael shure, our epic political correspondent. they're even running ads now or it seems like ads campaign ads even though the campaign is over. let me show you one of them, and then get your reaction. [ ♪ music ♪ ] >> the polling is with the president. the clear mandate of this election was that the majority of americans agreed
CNN
Dec 4, 2012 6:00am PST
. certainly a major theme during the republican primary. >> president obama has been historically the most effective food stamp president in american histor history. >> in light of the continuing controversy over food stamps, new jersey democratic mayor cory book booker will live on food stamps saying, quote, nutrition is not a responsibility of the government. >> as you mentioned this all sort of began as a back and forth on twitter. we'll get to that in detail in a moment. first i want you to look at something that mayor booker posted on his twitter account. it is a grocery store receipt from pathmark, detailing some of the things that he bought. you can't really see it closely but we can tell you some of the things that he bought include red delicious apples, yams, broccoli, corn, chickpeas and lots of black and pink beans. he is documenting his week on food stamps on twitter. that means that he will live off of about $30 a week on groceries. that works out to about $4.32 a day. and $133.26 a month. now the mayor says he is already going to have to give up coffee this week because
CBS
Dec 4, 2012 4:30am PST
proposal from republicans. >>> reporter: governors from six states are headed here to washington today to tell president obama their thoughts on the "fiscal cliff." the bipartisan group says both sides need to work together to avoid the tax increases and spending cuts due to kick in at the end of the year. >> no one is going to get what they want. but we have to compromise. if everything is going to be on the table, how do we negotiate? >> reporter: republicans have given a counterproposal to the president's plan which he issued last week. they say their plan would cut $2 .2 trillion from the federal deficit over 10 years. but $600 billion in healthcare cuts, $300 billion in cuts to mandatory spending, and another $300 billion in cuts to other federal spending. the biggest difference between the republican plan and the president's remains taxes and how the government can generate more revenue to pay down the debt. >> rates have to rise on the top 2%. there's no other way to do it. >> reporter: president obama says his plan will raise taxes on the rich bringing in 1.6 trillion. re
MSNBC
Dec 4, 2012 12:00pm PST
. unpack that for us. >> reporter: s.e., you saw that the republicans' offer was immediately dismissed by the white house. president obama, his team of communications advisers saying it's more of the same and won't work. the speaker was not offering to raise taxes on those making 250 or above. that's a big sticking point. if you look at both plans and split the difference and run the math, if you take the 800 billion in revenue that speaker boehner has offered, the 1.6 trillion the white house wants, you split the difference 1.2. if you split the difference on the cuts, you get to 450, 500 billion. numbers that folks on both sides think is feasible in the realm of a large deal. i spoke to a senior republican senator earlier today, and he said, look. we understand that at some point we have to move away from the tax issue and run that out to provide cover with the base. if we could get something back from the president, whether it be something in the lines of a cost of living adjustment for social security, meaningful entitlement cuts and a promise of tax reform in the 2013 year, something
CW
Dec 3, 2012 10:00pm PST
trillion through a combination of entitlement cuts and tax reform measures. but house republicans still refuse to meet president obama's bottom line. letting the bush tax cuts expire for the wealthy. in the statement, the white house said that the plan fails the balance test and sticks the middle class with the bill. >>> the gay marriage in california is still on hold tonight. the u.s. supreme court could have announced today whether they would review prop 8. instead the justices announced that they will wait until friday to discuss whether to take up the case. legal experts say the delay ruling means nothing. >> it's like we have so many cases on the docket. let's put this one off next week, no big deal. that's really what happened. it really isn't the dog that didn't bark, but it's the case that has not been resolved yet and we're still waiting. >> professor little says he expects if the court grants a review that we'll know by friday. but if the court decides to deny or simply postpone the review again, that announcement will come later. >>> a desperate search is underway for a
MSNBC
Dec 4, 2012 9:00am PST
world war ii as well. so the obama administration is so far out there, that what the republicans are doing is pointing out how reasonable they are, taking bowles' idea, i see he's playing democrat partisan today -- >> part of that is actually putting revenue on the table which speaker boehner has said multiple times he's open to doing, that includes closing loopholes and ending deductions. not words that are political kryptoni kryptonite. for the republican party that has stoked the eyre on the ends of the spectrum including erick erickson they said this the gop selling out. do you agree with that or not? >> not at this point. we were in this point two years ago when the same things were discussed with obama during the debt ceiling increase and at the end of the day, we ended up with $2.5 trillion in spending savings and not a dollar of tax increase. why? because obama overplayed his hand. he's doing it again. just as he did in 2008. he thought the country had given him a blank sheet of paper to work on. he did the stimulus spending. he went from 70% support down to below 50% and los
CNBC
Dec 4, 2012 4:00pm EST
sense is they've done a lot of work. the problem is if you look at revenue, president obama wants about twice what the republicans are offering. if you look at spending, the republicans run about twice what obama is offering. they got to figure out how to come together on this. they're arguing over rates or deductions, which makes no sense. i mean, it's like you want to go on a trip. we decide we're going on a trip together. we're going to argue about whether we're taking a bus or a train. just figure out how much money you want from revenue, figure out who you're going to get it from, figure out how you're going to protect people, then figure out the formulas. >> and the white house wants the money to come from a specific place. he doesn't necessarily want $1.6 trillion clean. he wants it to come from higher tax rates. >> and i think it's fine say where you want to get the $1.6 trillion or $800 billion from. you ought to just call -- i want to get it from people who make more than $250,000 as opposed to trying to lock people into a formula. what you really need is money. >> you p
FOX News
Dec 3, 2012 11:00pm PST
cuts. none of the spending cuts in obama's plan. are we so far apart we will go up or is there a meeting ground? 'canes is smart of the republicans. last week, geithner to the treasury secretary and laughed at. across the board, left and right commentators said i think president obama is overplaying the hand here. they have a plan to get him what he campaigned on and said he wanted. they called it smart. we had the simpson bowl plan. deficit reduction plan how to get it back on track. they are proposing the plan that is a democrat version of the -- democrat counterpart to simpson. very smart. this offer was serious. the white house even though they put out a statement saying blah, blah, not good enough. call it a republican letter -- >> eric: this is the republican letter does not meet the test of balance. said our way or the highway from the white house. >> bob: reform ideas are interesting and should be on the table. the rest is bull. they don't cut anything out of defense. number one. number two, talk about the tax reform that will get to rich. or broaden the base of the tax b
Current
Dec 4, 2012 9:00am PST
president obama had over mitt romney and really over the republicans in general is mitt -- president obama has a much much better understanding of the strategy we have in afghanistan, the strategy that we have in iraq he has a much better understanding of that strategy than mitt romney. i'll be honest with you stephanie. i did the same type of mission that allen west did. i have done that mission. >> stephanie: right >> caller: and i have had a lot of training in counter insurgency, and the way president obama has understood that concept is much better -- is much more in line -- >> stephanie: mitt romney i think just ended up trying to run against anything obama was for he was just against or it was bad. and i think you are right. it's hard to fault the president on foreign policy. we did what he ran on. >> caller: right. and the thing with iraq -- the strategy we had in iraq was basically -- people got mad because he didn't leave immediately and people got mad because he didn't stay there long enough. the strategy followed the doctrine of counter insurgency which is you stabilize the gove
MSNBC
Dec 4, 2012 7:00am PST
meeting with president obama. they are both republicans and democrats. they all want to know how he's going to handle the fiscal cliff crisis. they will also meet with john boehner. boehner counter proposal yesterday. $600 billion in cuts in entitlement and $250 billion in changes in way the government changes inflation that would impact social security. let me bring in the national journal from the editor. good morning. i want to talk to you about this republican proposal saying republicans in congress want to get serious about asking the wealthiest to pay slightly higher tax rates. we won't be able to achieve a significant balanced approach to the deficit. it does have some revenue in it, even though it's not from tax increases. so what does this opening offer say about where we are in these negotiations? >> well, it seems very difficult to imagine that we're going to be getting to a deal that will handle everything that needs to be addressed before the end of the year. i think the first main thing that needs to be addressed is the question of the tax cuts expiring. and for the obam
PBS
Dec 4, 2012 3:00pm PST
election, president obama rejected a proposal from house speaker john boehner. he spoke on bloomberg television. >> unfortunately the speaker's proposal right now is still out of balance. i'm happy to entertain other ideas that the republicans may present. but we are not going to simply cut our way to prosperity or to cut our way out of this deficit problem that we have. we're going to need more revenues. in order to do that, that starts with higher rates for the folks at the top. >> reporter: the president did say today he would consider lowering rates again for the top two percent next year as part of a broader tax overhaul. the house republican plan envisions $2.2 trillion in deficit reductions over the next decade. $800 billion would come from new revenues but with no hike in tax rates for top earners. instead the plan relies on $1.2 trillion in reduced spending including $600 billion from changes in medicare and medicaid. at the white house today, the president met with a bipartisan group of governors pressing his own plan for deficit reduction. that proposal, $1.6 trillion in r
FOX Business
Dec 3, 2012 10:00pm EST
democratic politicos strategist and republican pollster. president obama issued a warning to syrian leader declaring there will be consequences if syria uses chemical weapons on its own people. the president's steered clear of defining those consequens. egis political crisis is widening cajon. a general strikeo protest the presence unrestricted new powers. in this country's hospits that deadly new bacteria that is more than just drug-resistant, it is draw prevent spreading. just how high is that this book of? we begin tonight with the fiscal clef which produced more far spent progress rejecting the speaker of the house cla that no progress is being made >> the house speaker said on fox news sunday right now i would say we are nowhere in terms of the fiscal cliff negotiations. does the president agree? >> no, he does not. you saw secretary geithner over the weekend on aaoth sunday shows very clearly express the president's poition, talk about the proposals the president has put forward and express our belief that there has been progss and that we an achieve a bipartisan agreement. lou: the
FOX News
Dec 3, 2012 10:00pm PST
, house republicans sent president obama a new offer to avoid the fiscal cliff, a counter offer to president obama's plan, proposing raising $800 billion from tax reform, not higher tax rates. but the white house immediately slammed the offer and said it won't even consider it. tonight, speaker boehner's response to the white house response, saying it's up to the president to come up with a plan. allen west is here. good evening. >> good evening. >> your thoughts, apparently the white house is unimpressed with the proposal by the speakert and white house republicans? >> i think the white house needs to do case studies, calvin coolidge and president john f. kennedy, when you look at what they did with lowering tax rates and increase revenues. calvin coolidge went from 73% to 24%. john f. kennedy from 91% to 71%. they increased revenues. we are not talking about what the president is looking at with his wealth redistribution, we are talking about wealth expansion, economic growth and sound policies to do that. if you want to continue to believe that $250,000 makes someone rich, you a
CNN
Dec 4, 2012 12:00am PST
reform rather than tax increases, so the republican mandate in the house was a lot clearer than obama's, who spent 86% of the pro-obama ads were trashing romney personally. so he won the right not to be romney but he didn't win the power to impose anything he wants. >> okay. hold that thought. robert, i want you to hold your response until we come back after the break. you've got about two minutes to make this really, really good. our operations are safe and clean for our communities and the environment. we're america's natural gas. but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this cool. you're not filming this, are you? aw! camera shy. snapshot from progressive. test-drive snapshot before you switch. visit progressive.com today. anne's tablet called my phone. anne's tablet was chatting with a tablet in sydney... a desktop in zurich... and a
ABC
Dec 3, 2012 6:00pm PST
it. abc 7 news believes a deal will be struck about the deadline, it will be the republican that's give ground. >> i think this time around, obama learned from his past mistakes and importantly, advantage that if he does nothing he's in better shape than republicans oor professor cane says congressional republicans holding middle class cuts hostage in order to force the president's hand. the problem is the g.o.p. cannot afford to carry out that threat and they're blamed for raising everyone's taxes in order to protect the rich and put republican party in a dark hole. >> mark, thank you. >> on wall street today, stock prices fell on concern the deficit deadlock here is hurting the economy. dow jones lost nearly 60 points. nasdaq slid eight points and s and p 500 lost about seven today. >> republicans in california are worried about the possibility of taxes going up because there aren't enough of them in sacramento to block it. lawmakers ushered in a new era today at the capitol. and nannette mirror rand wra reports democrats now hold all of the power. >> please raise your right hand
CBS
Dec 4, 2012 12:00pm PST
democrats and republicans don't reach a deal to stop automatic spending cuts before the end of the year. the other issue is taxes. congressional republicans want bush-era tax cuts extended for all americans. president obama says those tax cuts must expire for households making $250,000 or more. >> it's a position that is supported by a majority of the american people. and, you know, we need to see from republicans an acknowledgement of that. >> reporter: the gop proposal that the white house quickly rejected closes tax loopholes and reduces deductions to raise 800 billion-dollar in new revenue. the plan cuts $600 billion in healthcare entitlement programs. >> we are overspending and until you deal with that issue you cannot raise taxes enough to be able to keep one a trillion dollars of accelerate spending. >> reporter: republicans dismissed the president's plan late last week. but now that both sides have numbers on the table, some congressional watchers believe those outlines may eventually help them find common ground. in washington, danielle nottingham cbs 5. >>> are you ready for more r
CNN
Dec 3, 2012 9:00pm PST
increases, so the republican mandate in the house was a lot clearer than obama's, who spent 86% of the pro-obama ads were trashing romney personally. so he won the right not to be romney but he didn't win the power to impose anything he wants. >> okay. hold that thought. robert, i want you to hold your response until we come back after the break. you've got about two minutes to make this really, really good. [ man ] in hong kong, on my way to the board meeting... anne's tablet called my phone. anne's tablet was chatting with a tablet in sydney... a desktop in zurich... and a telepresence room in brazil. the secure cloud helped us get some numbers from my assistant's pc in new york. and before i reached the top, the board meeting became a congrats we sold the company party. wait til my wife's phone hears about this. [ cellphone vibrating ] [ female announcer ] with cisco at the center, working together has never worked so well. i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've be
CNN
Dec 3, 2012 6:00pm PST
republican house, 219 members of the house won by bigger margins than obama won by. they ran against raising taxes and for the ryan plan which is actually $6 trillion in spending restraint over the next decade and tax reform rather than tax increases, so the republican mandate in the house was a lot clearer than obama's, who spent 86% of the pro-obama ads were trashing romney personally. so he won the right not to be romney but he didn't win the power to impose anything he wants. >> okay. hold that thought. robert, i want you to hold your response until we come back after the break. you've got about two minutes to make this really, really good. this december, remember -- m] you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar
FOX News
Dec 4, 2012 3:00am PST
fastreliefchallenge.com today for a special trial offer. >> brian: president obama's move, republicans making what they consider a bold counter offer to the white house in an attempt to avoid the so-called fiscal cliff that's coming our way just four weeks away. eight working days away. wendell goler live at the white house. what's the latest? >> what we have now is an opening proposal from each side. the republicans plan would cut $2.2 trillion from the deficit, which is about $600 billion more than the president's plan. it would raise the eligibility age for medicare from 65 to 67. and lower the annual cost of living increases for social security benefits. south carolina senator lindsey graham says those two programs have to be brought under control. >> if we adjusted the age of retirement over the next 30 years like ronald reagan and tip o'neil adjusted the cpi index and means tested benefits, we could save medicare and social security from insolvency and people need the programs. the good news is, we would get our kids and grandkids out of the situation of becoming greece. >> the p
FOX News
Dec 4, 2012 8:00am PST
really happen that way, because president obama, his goal is to vilify the republican party, i talk about it in my book, divider and chief constantly portraying them as hostage takers the eve enemy. even if we abandon all of our principles and go along with the mainstream media and what they want it will not be enough and obama will continue to vilify them. the republicans need to focus on grass root strategy, identifying hispanics and members of other demographic groups that could be swing voters. identify them and thet their targeted message out there too them so we can have a genuine debate on the issues, instead of villa my those who disagree with the president. let's have a discussion as simon said the economic benefits, how we can do this in a way that will benefit all americans, instead of just saying, oh, heck, we lost the election we'll just abandon all of our principles. jon: simon i like what you had to say and i think the whole country is looking for bay bipartisan solutions to some of these thorny questions that are out there. from a republican standpoint, and knowing y
FOX News
Dec 4, 2012 12:00pm PST
at white house. it has been leaked to the reuters news agency that on president obama's short list for defense secretary is the republican, former republican senator, chuck hagel. it is interesting that, today, the white house is doing some leaking to news agencies. reuters cited an administration official, that is all we know, but chuck hagel is on the short list. and the white house says reuters and us plans to announce the new defense secretary and secretary of state, some time over the next two weeks. >> too little, too late; president obama's response to the g.o.p. plan to avoid the cliffally. in an interview with blomberg tv the president said there is not enough time to pull off the republican's proposal that overhauls the tax system and entitlements at tate days from going over the fiscal cliff which is called the series of spending cuts and expiring tax breaks which would be an economic disaster. the sticking point is the call for higher taxes for families, higher taxes on amounts earned above $250,000. everyone gets the tax cut, the first $250,000 is not taxable only but
CNBC
Dec 3, 2012 7:00pm EST
who use them. republicans have responded to a fiscal cliff counter offer to president obama. eamon javers joins us now from washington with all the details. good evening. >> reporter: good evening. leapt me walk you through the specifics or at least what specifics we have so far from this boehner counter offer and you can see where it falls short from the white house's perspective right in the top line take a look at the details here. boehner and the other house republicans are asking for $800 billion in new tax reform revenue. that's short of the $1.6 trillion that the president would like to see there. also health savings of $600 billion. mandatory savings of $300 billion. revisions of cpa of 200 billion. other discretionary saving 300 billion. they say net savings is $2.2 trillion all told. the white house says this plan is not balanced, and interestingly there's a little side skirmish here between the speaker of the house john boehner and erskine bowls. boehner said this was based on a report that bowles laid out. bawls said no. he said the approach laid out does not represent
FOX Business
Dec 4, 2012 6:00pm EST
. talking about politics. that is of the white house is leveling the republican counteroffer to avert the fiscal cliff. president obama try this and saying there is no deal without tax hikes on the ridge. with more on this, republican congresswoman dianne black of tennessee. welcome to the show. great to have you. i have to ask you about this story that has been breaking this afternoon. apparently the president will meet with what they're calling progressive talk-show hosts. i think this is a lot of talent. it will parade through the white house. the president will sit down with them. are you getting the sense here that maybe the president is meeting with a few too many people? should we jjst get the job on the fiscal cliff? >> i could not agree more. i felt very discouraged. the president this been more time campaigning that he did of the beginning of his campaign. we need to have serious negotiations. we need our leaders, and the president was elected by the people. he needs to sit down now and the leader along with our leader, the speaker, and talk seriously about these p
ABC
Dec 4, 2012 1:40am PST
republicans refusing. after rejecting the obama administration proposal last week, house republicans offered an outline for $2.2 trillion in deficit reduction, mostly through spending cuts. and while president obama would not answer questions about the counterproposal -- >> no deal better than a bad deal, sir? >> reporter: -- a senior white house official assailed it as a step backward, saying if republicans do not agree to some higher rates for wealthier taxpayer, the nation will go over the cliff, and the american people will hold the republicans responsible. wall street remains optimistic a deal will be struck. so the lack of progress is not yet resulted in a market plunge. but some economists estimate that because of the uncertainty posed by the fiscal cliff, at least 200,000 fewer jobs have been created this year. the official deadline is december 31st at midnight when the ball drops in times square. the deadline is before that, a week from friday when the house of representatives is scheduled to go on vacation. in actuality there are fewer than 11 days before they need to work
FOX News
Dec 4, 2012 6:00am PST
happen? martha: and president obama flatly turning down a republican counteroffer in the fiscal cliff negotiations. so now what? house majority whip kevin mccarthy joins us next. >> he wants to break the back of republicans. this is a continuation of his campaign. he thinks he won it, and now he wants to drive a stake through the republicans. it's all about politics, it's nothing about economickings. dre. one is for a clean, domestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. ♪ but the fire is so delightful ♪ nothing melts away the cold like a hot, delicious bowl of chicken noodle soup from campbell's. ♪ let it snow, let it snow bill: we have new video released by police here in new york city of the moments before a man was pushed
KOFY
Dec 3, 2012 9:00pm PST
reporter questions about that republican plan but later in a statement the white house rejected it. we believe a deal will be struck before the deadline and it will be the republicans that give ground. >> i think this time around obama has learned from his past mistakes and more importantly he has the advantage that if he does nothing he's in better shape than the republicans are. >>reporter: professor says republican holding the middle class hostage trying to force the president hand. problem is they can't afford to carry out the threat. if the g.o.p. is blamed for raising taxes on everybody because they were trying to protect the rich, be putting themselves in a dark hole. in the newsroom, abc 7 news. >>> let's go over seas to syria. united nations preparing to evacuate all non-essential staff from syria growing fear that the regime is considering using chemical weapons. european union also reducing the presence there. and president obama is warning syria president over the entire situation. martha tonight on the weapon that syria has and what that means for the united states. >>
FOX News
Dec 3, 2012 7:00pm PST
the show. >>> tonight, what a mess. just hours ago house republicans sent president obama a new offer to avoid the fiscal cliff. it is a counter offer to president obama's plan. g.o.p. lawmakers proposed raising $800 billion in revenue from tax reform, not higher tax rates, but the white house immediately slammed the offer and said it won't even consider it, and tonight speaker boehner responds to the white house response saying it's now up to the president to come up with a plan. congressman allen west joins us. good evening. >> how are you doing? >> greta: very well. the white house is unimpressed by the proposal from the speaker and the white house republicans. >> the white house needs to go back and do case studies whe. you look at presidents cool imagidgeand kennedy, they went % down to 24%. kennedy went from 91% down to 71% and they increased revenue. what we're talking about is not what the president of the united states is looking at with wealth redistribution. we're talking about wealth expansion and economic growth and sound economic policies to do that. if you want to conti
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